Assisted Living Concepts to cut 35 jobs in Menomonee Falls as part of move to Chicago

Assisted Living Concepts LLC, which operates assisted living centers and senior residences, has notified the state that 35 of its employees could lose their jobs when it moves its headquarters from Menomonee Falls to Chicago.

The company, which announced the move last year, said that the employees were given the option of relocating to Chicago.

Assisted Living Concepts' office in Menomonee Falls will close on Feb. 28.

The company has said that it plans to employ about 100 people and had leased 25,265 square feet in downtown Chicago.

Assisted Living Concepts was bought by TPG, a private equity firm, for an estimated $280 million in July.